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EU must hold firm on delayed sustainable finance disclosure rules
Dec 4th, 2020
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In a victory for industry lobbyists, the European Commission has confirmed that it will partially delay new disclosure requirements for European asset managers. The intention of the rules was to start to tackle the role of finance in sustainability challenges such as climate breakdown. While there were some legitimate grounds for delay in the context of Covid-19, it is essential that the Commission remains firm on the substance of the regulation, and resists industry calls to water down the final requirements.
The Sustainable Finance Disclosure Regulation (SFDR) which came into law last autumn, requires investors (primari…
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